Sunday Matinée at Market Chess Cinemas

01Dec5:02 pmEST

Stock Market Recap 12/01/15 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services . In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

01Dec3:04 pmEST

Making Up for the Fallen Angels

With some solars and high beta China names perking up today, like SCTY SUNE, it looks like momentum traders are shifting downstream from the likes of AAPL to take on a bit more risk. On the daily chart for Apple, below, the stock is clearly struggling today and indeed overall versus the broad market. Holding under $117.50 would now place the...

01Dec12:42 pmEST

Scouting Around Chinatown for Lunch

BABA and BIDU, among a few other high beta China stocks, created a buzz into the bell yesterday with their surging price action. Both of those names, and the likes of CTRP, are pausing today. But SINA is a name worth watching, along the same lines. On the daily chart, below, note the constructive basing action over all major moving averages....

01Dec10:34 amEST

Morning Strength Filled with Tension

After a strong open, equities are coming in off a recessionary (sub-50) ISM Manufacturing Index number. It is likely we are seeing the market look to shake out as many players as possible before it eventually commits to a new direction. In the meantime, as we have for a while now inside Market Chess Subscription Services, the key is staying...

30Nov4:40 pmEST

Stock Market Recap 11/30/15 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services . In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

30Nov3:06 pmEST

A Tale of Two Social Losers

TWTR and YELP have likely trapped as many retail longs in recent quarters as any two underperforming names in the market. There have been too many instances when both have been declared to be too beaten-down to go down any more. And yet they have. To be sure, both firms could easily be bought out any day now, which is of course a risk to...

30Nov12:48 pmEST

You Like That FedEx Rising Wedge

Despite an exuberant bounce last week, the transports as a whole remain under pressure. Recall that the Dow Jones Transportation Average topped out one full year ago nearly to the day, after Thanksgiving 2014, and has not looked back since. Instead of discernible bottoming formations, the likes of UNP continue to remain persistently weak....

30Nov10:43 amEST

Action on the Other Side of the Street

The small cap issues in the Russell 2000 Index continue to outperform this morning, staying green as I write this despite a sharp downside reversal in biotechnology stocks. Apple is also an early outperformer, with $120 still being the hurdle to clear and, more importantly, hold over. Meanwhile, other names like EBAY are having trouble holding...

29Nov1:52 pmEST

Weekend Overview and Analysis 11/29/15 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services . In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for...

29Nov11:02 amEST

Sunday Matinée at Market Chess Cinemas

Great film. Great soundtrack. That is how I describe Dances With Wolves (1990), Kevin Costner's western epic which is twenty-five years old now. Costner has made plenty of other films in his career, but this one has his fingerprints all over it more than the others, including the backstory about his friend Michael Blake (who wrote the...